SSGLX vs. NALFX

Last updated Apr 1, 2026

Compare and contrast key facts about State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) and New Alternatives Fund (NALFX).

SSGLX is a passively managed fund by State Street that tracks the performance of the MSCI ACWI ex USA Investable Market Index. It was launched on Sep 17, 2014. NALFX is managed by New Alternatives. It was launched on Sep 2, 1982.

Performance

SSGLX vs. NALFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) and New Alternatives Fund (NALFX). The values are adjusted to include any dividend payments, if applicable.

SSGLX vs. NALFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	-0.64%	32.64%	4.98%	15.67%	-16.44%	8.36%	11.11%	21.52%	-14.05%	27.12%
NALFX New Alternatives Fund	5.67%	28.13%	-6.03%	-2.49%	-15.87%	-4.78%	61.74%	36.98%	-6.91%	21.24%

Returns By Period

In the year-to-date period, SSGLX achieves a -0.64% return, which is significantly lower than NALFX's 5.67% return. Over the past 10 years, SSGLX has underperformed NALFX with an annualized return of 8.58%, while NALFX has yielded a comparatively higher 10.09% annualized return.

SSGLX

• 1D: 0.39%
• 1M: -10.87%
• YTD: -0.64%
• 6M: 4.10%
• 1Y: 24.88%
• 3Y*: 14.40%
• 5Y*: 6.92%
• 10Y*: 8.58%

NALFX

• 1D: 0.38%
• 1M: -5.94%
• YTD: 5.67%
• 6M: 9.56%
• 1Y: 28.38%
• 3Y*: 5.80%
• 5Y*: 0.60%
• 10Y*: 10.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SSGLX vs. NALFX - Expense Ratio Comparison

SSGLX has a 0.07% expense ratio, which is lower than NALFX's 0.89% expense ratio.

NALFX

New Alternatives Fund

SSGLX

State Street Global All Cap Equity ex-U.S. Index Fund Class K

Return for Risk

SSGLX vs. NALFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SSGLX

SSGLX Risk / Return Rank: 81
SSGLX Sharpe Ratio Rank: 82
SSGLX Sortino Ratio Rank: 82
SSGLX Omega Ratio Rank: 81
SSGLX Calmar Ratio Rank: 82
SSGLX Martin Ratio Rank: 80

NALFX

NALFX Risk / Return Rank: 86
NALFX Sharpe Ratio Rank: 86
NALFX Sortino Ratio Rank: 84
NALFX Omega Ratio Rank: 81
NALFX Calmar Ratio Rank: 90
NALFX Martin Ratio Rank: 89

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SSGLX vs. NALFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) and New Alternatives Fund (NALFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	SSGLX	NALFX	Difference
Sharpe ratio Return per unit of total volatility	1.56	1.69	-0.13
Sortino ratio Return per unit of downside risk	2.12	2.17	-0.05
Omega ratio Gain probability vs. loss probability	1.32	1.32	+0.01
Calmar ratio Return relative to maximum drawdown	2.00	2.56	-0.56
Martin ratio Return relative to average drawdown	7.90	9.84	-1.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SSGLX vs. NALFX - Sharpe Ratio Comparison

The current SSGLX Sharpe Ratio is 1.56, which is comparable to the NALFX Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of SSGLX and NALFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SSGLX	NALFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.56	1.69	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.03	+0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.57	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.42	-0.05

Correlation

The correlation between SSGLX and NALFX is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

SSGLX vs. NALFX - Dividend Comparison

SSGLX's dividend yield for the trailing twelve months is around 4.44%, more than NALFX's 1.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SSGLX State Street Global All Cap Equity ex-U.S. Index Fund Class K	4.44%	4.41%	4.46%	2.98%	2.85%	4.20%	1.72%	4.80%	8.32%	3.98%	1.52%	2.09%
NALFX New Alternatives Fund	1.10%	1.17%	2.04%	4.47%	4.63%	5.14%	4.93%	5.55%	6.62%	4.16%	3.71%	1.71%

Drawdowns

SSGLX vs. NALFX - Drawdown Comparison

The maximum SSGLX drawdown since its inception was -35.88%, smaller than the maximum NALFX drawdown of -59.67%. Use the drawdown chart below to compare losses from any high point for SSGLX and NALFX.

Drawdown Indicators

	SSGLX	NALFX	Difference
Max Drawdown Largest peak-to-trough decline	-35.88%	-59.67%	+23.79%
Max Drawdown (1Y) Largest decline over 1 year	-11.22%	-10.60%	-0.62%
Max Drawdown (5Y) Largest decline over 5 years	-30.08%	-38.03%	+7.95%
Max Drawdown (10Y) Largest decline over 10 years	-35.88%	-42.35%	+6.47%
Current Drawdown Current decline from peak	-10.87%	-9.59%	-1.28%
Average Drawdown Average peak-to-trough decline	-8.32%	-14.89%	+6.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.75%	+0.09%

Volatility

SSGLX vs. NALFX - Volatility Comparison

State Street Global All Cap Equity ex-U.S. Index Fund Class K (SSGLX) and New Alternatives Fund (NALFX) have volatilities of 6.44% and 6.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SSGLX	NALFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	6.59%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	10.02%	10.57%	-0.55%
Volatility (1Y) Calculated over the trailing 1-year period	15.49%	16.30%	-0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.49%	17.70%	-3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	17.90%	-1.75%